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What Happens When You Feed Unicorns

BlogMarch 18, 2015

Last month, Fortune magazine's cover story considered how we are now living in the age of unicorns, given that at least 80 start-ups have achieved this status...  

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The RSS Feed Is Here!

BlogMarch 11, 2015

For those of you who prefer to follow our content via RSS feed, it is now online and available here: http://mises.org/feed/blog.rss

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Biting the (Penguin) Hand that Feeds You

BlogMarch 1, 2012

“They’re a damn nuisance, they are,” offered the man as we walked toward a group of tourists excitedly shooting pictures of two African Penguins standing silently in a drain pipe.

A nuisance? We were among dozens...

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Feed the World

April 21, 2008
Make fuel from corn, by all means, if the free market signals that this the most pressing need and, hence, the most lucrative use for the crop.

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Feeding at the Trough

September 25, 2001
While not quite Keynesian pyramids or payments to farmers to plow up their surplus crops, this is still, sadly, yet another New Deal in the making.

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Biting The Hand That Feeds You: Google Tax Edition

BlogOctober 2, 2005

Google under scrutiny, Officials say it's dodging taxes by building on federal land:

"Any for-profit entity of (Google's) magnitude using land owned by the people should not...

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Feed the World

BlogFebruary 2, 2004

As the Free Trade controversy continues to reverberate, it is ironic, too, that UK First Citizen Antoine RobespiBlaire's new megalomaniacal bonne idee is to 'remove Africa from poverty' by making...

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1. Types of Interpersonal Action: Violence

Online Text Page from Man, Economy, and State, with Power and Market

THE ANALYSIS IN CHAPTER 1 WAS based on the logical implications of the assumption of action, and its results hold true for all human action. The application of these principles was confined, however, to “Crusoe economics,” where the actions of isolated individuals are considered by themselves. In these situations, there are no interactions between persons. Thus, the analysis could easily and directly be applied to n number of isolated Crusoes on n islands or other isolated areas.

8. Charity and Poverty

Online Text Page from Power and Market: Government and the Economy, Ch. 6. Antimarket Ethics: A Praxeological Critique

A common complaint is that the free market would not insure the elimination of poverty, that it would “leave people free to starve,” and that it is far better to be “kindhearted” and give “charity” free rein by taxing the rest of the populace in order to subsidize the poor and the substandard.

I. The Setting: History

Online Text Page from A Short History of Man: Progress and Decline, Ch. 1. On the Origin of Private Property and the Family

It is reasonable to begin human history five million years ago, when the human line of evolutionary descent separated from that of our closest nonhuman relative, the chimpanzee. It is also reasonable to begin it 2.5 million years ago, with the first appearance of homo habilis; or 200,000 years ago, when the first representative of “anatomically modern man” made its appearance; or 100,000 years ago, when the anatomically modern man had become the standard human form.

2. Material Welfare

Online Text Page from Liberalism: In the Classical Tradition, Ch. Introduction

Liberalism is a doctrine directed entirely towards the conduct of men in this world. In the last analysis, it has nothing else in view than the advancement of their outward, material welfare and does not concern itself directly with their inner, spiritual and metaphysical needs.

3. Rationalism

Online Text Page from Liberalism: In the Classical Tradition, Ch. Introduction

Liberalism is usually reproached, besides, for being rationalistic. It wants to regulate everything reasonably and thus fails to recognize that in human affairs great latitude is, and, indeed, must be, given to feelings and to the irrational generally—i.e., to what is unreasonable.

9. Critique of the Doctrine of Force

Online Text Page from Liberalism: In the Classical Tradition, Ch. 1. The Foundations of Liberal Policy

The champions of democracy in the eighteenth century argued that only monarchs and their ministers are morally depraved, injudicious, and evil. The people, however, are altogether good, pure, and noble, and have, besides, the intellectual gifts needed in order always to know and to do what is right. This is, of course, all nonsense, no less so than the flattery of the courtiers who ascribed all good and noble qualities to their princes.

26. The Marxian Theory of Wage Rates

Online Text Page from Economic Freedom and Interventionism, Ch. III. Mises As Critic

The most powerful force in the policies of our age is Karl Marx. The rulers of the many hundreds of millions of comrades in the Communist countries behind the Iron Curtain pretend to put into effect the teachings of Marx; they consider themselves as the executors of the testament of Marx.

3. Autarky and Stockpiling

Online Text Page from Nation, State, and Economy, Ch. War and the Economy

The clearer it had to become in the course of the war that the Central Powers were bound to be finally defeated in the war of starving out, the more energetically were references made from various sides to the necessity of preparing better for the next war. The economy would have to be reshaped in such a way that Germany would be capable of withstanding even a war of several years.

A Bottom-Up Revolution

Online Text Page from What Must Be Done, Ch. What Must Be Done

At last to the detailed explanation of the meaning of this bottom-up revolutionary strategy. For this, let me turn to my earlier remarks about the defensive use of democracy, that is, the use of democratic means for non-democratic, libertarian pro-private property ends. Two preliminary insights I have already reached here.

1. Private Interest and Public Interest

Online Text Page from A Critique of Interventionism, Ch. The Nationalization of Credit

According to Deumer, banks presently serve private interests. They serve public interests only inasmuch as these do not conflict with the former. Banks do not finance those enterprises that are most essential from the national point of view, but only those that promise to yield the highest re­turn.

VI. The Inflationist Argument

Online Text Page from The Causes of the Economic Crisis, and Other Essays Before and After the Great Depression, Ch. 1. Stabilization of the Monetary Unit — From the Viewpoint of Theory (1923)

1. Substitute for Taxes

Nowadays, the thesis is maintained that sound monetary relationships may certainly be worth striving for, but public policy is said to have other higher and more important goals. As serious an evil as inflation is, it is not considered the most serious. If it is a choice of protecting the homeland from enemies, feeding the starving and keeping the country from destruction, then let the currency go to rack and ruin. And if the German people must pay off a tremendous war debt, then the only way they can help themselves is through inflation.

2. Socialism and Utopia

Online Text Page from Nation, State, and Economy, Ch. Socialism and Imperialism

Marxism sees the coming of socialism as an inescapable necessity. Even if one were willing to grant the correctness of this opinion, one still would by no means be bound to embrace socialism. It may be that despite everything we cannot escape socialism, yet whoever considers it an evil must not wish it onward for that reason and seek to hasten its arrival; on the contrary, he would have the moral duty to do everything to postpone it as long as possible. No person can escape death; yet the recognition of this necessity certainly does not force us to bring about death as quickly as possible.

13. Capitalism versus Socialism

Online Text Page from Money, Method, and the Market Process, Ch. Comparative Economic Systems

I.*

Most of our contemporaries are highly critical of what they call “the unequal distribution of wealth.” As they see it, justice would require a state of affairs under which nobody enjoys what are to be considered superfluous luxuries as long as other people lack things necessary for the preservation of life, health, and cheerfulness.